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Exchanges / Wider check / WazirX
WIDER CHECK · NO SCORE · 9 OCT 2026

WazirX: what the sources say

No MiCA authorization found Limited search: no Rigor score

Key facts

Regulation, reserves, fees

MiCANot foundNone found in the ESMA interim register
Italian residentsNot verifiedRegistry check pending
Proof of reservesPublished2023-01-11
Spot fees (base tier)Not verifiedmaker / taker

Reserves note: Pre-hack release; WazirX said reserves-to-liabilities ratio above 1:1. No post-hack PoR verified.

Track record

Incidents and regulator actions found

Security incidents

  • 2024-07-18 About USD 234.9 million in assets stolen from a multi-signature wallet under third-party custody (Liminal Custody). WazirX froze funds, halted withdrawals and proposed socialising losses; balances reset to 18 July 2024. Outcome: Singapore High Court sanctioned a creditor-approved restructuring scheme (Zettai Pte Ltd) on 2025-10-13 (about 94.6% by value in favour); WazirX restarted 2025-10-24 and returned about 85% of claim value, with Recovery Tokens for the remainder; further distributions unverified. source

Regulator and court actions

  • 2021-06-11 Enforcement Directorate (India): Show cause notice under FEMA to WazirX (Zanmai Labs) and directors over transactions of Rs 2,790.74 crore, alleging missing KYC documents. Outcome: WazirX said it had not received the notice and complies with law; final outcome not verified PRESS OR OTHER SOURCE · official text not found source
  • 2022-08-05 Enforcement Directorate (India), PMLA: Froze about Rs 64.67 crore of WazirX bank deposits and movable assets over alleged laundering via fintech/loan apps. Outcome: Final outcome not verified PRESS OR OTHER SOURCE · official text not found source
  • 2025-10-13 High Court of Singapore: Sanctioned (with modifications) the Zettai Pte Ltd restructuring scheme following an earlier proposal that the court declined. Outcome: Scheme effective; operations restarted 2025-10-24 PRESS OR OTHER SOURCE · official text not found source
Limits

What we could not verify

Not verified: fees (wazirx.com is a JS-only shell), products, Italy/EU acceptance, OAM, current PoR, post-restart distribution status, outcomes of ED matters. Wikipedia used for incident details (secondary).

Facts are as of 9 Oct 2026. We ran a limited number of searches per exchange, so an empty list is not proof that nothing happened. We did not check the Italian OAM register. Items from press or third parties are reports, not findings by an authority. If something here is wrong or out of date, send a correction with a source: corrections policy. Education only, not investment advice.

Sources

  1. [1] WazirX homepage (shell only) accessed 2026-10-09
  2. [2] Wikipedia - 2024 WazirX hack accessed 2026-10-09
  3. [3] Cointelegraph - WazirX users approve new restructuring plan (2025-08-20) accessed 2026-10-09
  4. [4] Business Standard - ED notice to WazirX (2021-06-11) accessed 2026-10-09
  5. [5] The Wire - ED freezes WazirX bank deposits (2022-08-05) accessed 2026-10-09
  6. [6] Forkast - WazirX releases proof of reserves (2023-01-11) accessed 2026-10-09